The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1887-05-14
OIL A-RT ER.
Lake CharAes Hoop and
stave Factory Go.

STATE or LOUISIANA,

9A tit1 4NAs9BlubnG6 OF tue 0ulheQ
States The One hundred and Eleventh,
before me, Thomas Klainpeter, a Notary
Public in and for Calcasien Parish, State
Of Louisiana, duly commissioned and
qualified. and 10 tine presence of wit
nesses hereinafter nqmed and under
signed, personally came and appeared
the several persons whose MINES are
herennto subscribed, who declared that
availing themselves Of the provisions Of
laws the of this State relative TO the Or
ganization OF corporations, they have
contracted and agreed and do by these
presents, covenant and agree and bind
themselves as well asAsnch persons as
may hereafter become associated with
them, TO form and constitute eorpor-
alton and body polite in law for the
objects and purposes and nnder the
and stipnlations following,
to-wit::
ARTICLE l.
The name and title of said corpora
ton shall be the LAKE CHARLES
HOOP AND STAYE FACTORY
COMPANY, and under its said name
1t shall have power and authority to
have and enjoy succession for the fuIl
term and period OF twenty-five years
from and after the date hereof; to con-
tract, sue and be sued, to make and use
q corporate seal and the same to break
or alter at pleasure to hold, receive,
lease, purchase and convey its corpor-
ate name, property, both real and per-
sonal; TO name and appoint such man
ngors, directors, officers and agents as
the interests and convenience of said !
corporation may require and to make
and establish such bylaws, rules and
regulations for the proper management
of the affairs Of said corporation MS may
be necessary and proper, and the same
TO change, alter and amend at pleasure.
ARTICLE II.
The domieile Of said corporation shall
be in the town Of Lake Charles, State |
of Louisiana, and all citations or other
legal processes shall be served upon the |
President of said corporation, or in
case of his absence, the Vice President,
or of absence of both of these. officers,
upon the Secretary thereof.
ARTICLE III.
The objects and purposes for which
this corporation is established, and the
nature of the business to be carried on
BIZ it are declared and specified to be
the manufacture and sale of Barrel
Hoops and Barrel Slaves and wooden
ware generally.
ARTICLE ".
The capital stock of this corporation
g hereby fixed at the sum of Two
Thousand and Six Hundred Dollars,
divided into and represented by TWEEN t
y-six (26) shares Of One Hundred Dol {
ars each, twenty per centum of said !
hares to be paid at the time of sub
and the balance in equal in- ]
taIlments Of ten per centum, to be paid l
monthly thereafter, until each sub
cription is fully paid up.
ARTICLE Y.
The corporate powers of this corpor-
.tion shall be vested In and exercised
~ q Board of Directors composed of I
i've stockholders, each of whom shall
'wn in his own name, at least one share
Of the capital stock of said company.
Said directors shall be elected annually
On the first Monday in january, begin
ming with the first Monday in January,
1883, and all such elections shall be by
ballot and conducted at the office Of
said company under the superintend.
ence OF three commissioners, to be APP
pointed by the Board of Directors.
Ten days prior notice of said election
shall be given by publication in one of
the newspapers published in the town
Of Lake Charles, State of ouisiana,
and the directors then elected shall
serve and continue in office until their
successors shall have been elected aad
qualified Each stakeholder shall be
entitled to cast, either in person or by
proxy, one vote for each and every
share of stock held by him in his own
name, and majority of the votes cast
shall elect. A failure to elect directors
on the date above specified shall not
dissolve the corporation, but the then
Board Of Directors shall con-
eto hold office, and another election
shall be held as soon as may be there
after, whereof ten days prior notice shall
be given in one newspaper published
IN the town of Lake Charles, Louisiana.
Vacancies occurring in said Board from
any cause Whatever, shall be filed by
the remaining directors, and five mem
beers Of said Board shall constitute
qnofumEor the transaction of business
Said Board of Directors at their first
meeting each year shall elect out of
their own number President and n
Vice. President, and shall also elect
Secretary and Treasurer--both offices
may be included in one--as well as an
point from time to tine, and dismiss AT
their viii, such officers, clerks or agents
and other employees as may be deemed
necessary for the business and purpose
OF said company, and to make and
establish, as well as amend and alter,
OIL by laws, rnles and regulations
deemed requisite for the support and
Of the affairs and bus
mess Of said corporation. Said Board
)f Directors shall have full authority
10 borrow money, execute mortgages.
ssue notes, or bonds, to enter, buv or
Iell real estate and other property, and
make contracts and generally to do and
permit all things and acts and matters
'ertinent 10 the objects and purposes
j said corporation or which are or may
De permitted by the laws applicable to
and also Be issue and de-
liver full paid shares to the stock On
'ondsorob obligations Of said Corporation,
I no less than par, in payment of labor
lone or money borrowed, or property
4 rights actually received BY sand cor
Grafton. III
ARTICLE VI.
In the case of failure on the part Of /,
Az subscriber to pay the instailments /
q his stock as required, tile Board Of
directions shall have the option, after
iirty days written Notice to the delin- 1
nent, Of forfeiting the stock aud sell s
az Il for the benefit of tile company, :
I Of compelling ~ suit, the pagment 9
i such ingiallmenss and no stock i
lalass Shall Pc permitted tovote whilst 1
ARTICLE VII
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